An carbon Recycling Plant is built which converting CO2 into renewable methanol using excess electricity. Its purpose is to improve plant economics for building larger plants and to gain operating experience, which includes validation of distribution channels and logistics of Renewable Methanol in Iceland and the EU. Operation of the plant began in Q4 2011 at Svartsengi.

Poroject Lead: Carbon Recycling International (CRI)

Region: Europe

Country: Iceland

City/Town: Grindavík

Timeline Start - End: 2009-01-10 -

Project Status: Ongoing

Project Budget: 6810000.0 €

Funding source: Private Investment

Website: http://www.carbonrecycling.is/

Activities:

- CCU (Power-to-X)

CO2 Source: Geothermal powerplants

CCU Tecnology Category: Utilization

Info On Utilization:

- Thermal conversion

- Chemical conversion

Facility stage: Operational

End TRL: 8

CO2 capture/Utilization: 4500 t/year

Production Volume: 5000000 l methanol/year

Product Categories:

- Fuels

Specific Product(s): Methanol